![Celsius pays over $90m to Coinbase and FalconX via unstaked Ethereum](https://crypto.news/app/uploads/2023/12/crypto-news-Ethereum-option03-880x525.webp)
Celsius News
Latest Celsius News
![Celsius (CEL) rallies 360% following massive token burn](https://crypto.news/app/uploads/2024/01/crypto-news-trading-chart-front-side-view-Exchange-building-background-bright-neon-colors-option09-880x525.webp)
News
The native token of the now-defunct Celsius Network, CEL, has recorded an impressive price surge following its massive token burn. On-chain data shows that Celsius burned over 94% of its total supply on April 30 — plunging from 695.65 million…
![Celsius advisors demand for $2b withdrawn before bankruptcy](https://crypto.news/app/uploads/2024/01/crypto-news-Celsius-option03-880x525.webp)
News
Consultants overseeing the liquidation of Celsius Network LLC have demanded a return of $2 billion from significant clients.
![Crypto crime wave: FBI reports 53% rise in 2023, losses near $4b](https://crypto.news/app/uploads/2023/12/crypto-news-biggest-crypto-hacks-option02-880x525.webp)
News
According to a new FBI report, crypto scams accounted for 86% of all investment fraud losses in the U.S., amounting to $3.94 billion.
![Sam Bankman-Fried allowed to replace lawyers despite possible conflict](https://crypto.news/app/uploads/2024/02/crypto-news-Sam-Bankman-Fried-behind-bars03-880x525.webp)
News
The founder of the cryptocurrency exchange FTX, Sam Bankman-Fried, said his former lawyers will no longer represent him before his sentencing. According to Reuters, lawyer Mark Mukasey will now join the legal team. He will represent his interests over the…
![Sam Bankman-Fried to appear in court over lawyer conflict](https://crypto.news/app/uploads/2023/11/crypto-news-Sam-Bankman-SBF01-880x525.webp)
News
Sam Bankman-Fried is set for a court appearance in New York today for the first time since his conviction in November.
![Celsius CEO selects Bankman-Fried lawyers for upcoming trial](https://crypto.news/app/uploads/2023/11/crypto-news-court-hearings-session02-880x525.webp)
News
Former Celsius CEO Alex Mashinsky has chosen to be represented by the same legal team as FTX’s Sam Bankman-Fried against allegations of wire fraud and artificially inflating the company’s token value.
![Bankruptcy: Celsius disburses $2b worth of crypto to creditors](https://crypto.news/app/uploads/2024/01/crypto-news-Celsius-option02-880x525.webp)
News
Kirkland & Ellis — Celsius' legal counsel — shared an update on the creditor fund distributions outlined in the restructuring plan.
![Celsius to start paying over $3b to creditors](https://crypto.news/app/uploads/2024/01/crypto-news-Celsius-option01-880x525.webp)
News
Bankrupt crypto lender Celsius claims to have started paying its creditors up to $3 billion. According to the company’s press release, they are discussing the distribution of cryptocurrency and other assets worth $3 billion among the platform’s creditors. The payments…
![Criminal charges against ex-Celsius CEO must stick, prosecutors say](https://crypto.news/app/uploads/2024/01/crypto-news-Celsius-option02-880x525.webp)
News
U.S. prosecutors have pushed back against former Celsius CEO Alex Mashinsky’s motion to dismiss two criminal charges brought against him.
![Core Scientific emerges from Chapter 11 bankruptcy](https://crypto.news/app/uploads/2023/10/crypto-news-Internal-Revenue-Service-IRS02-880x525.webp)
News
Core Scientific is emerging from Chapter 11 bankruptcy and will relist its shares. After a U.S. court confirmed its reorganization plan, mining company Core Scientific announced its readiness to exit bankruptcy proceedings. Core Scientific CEO Adam Sullivan said the confirmation…
![Celsius moves $125m in ETH to exchanges amid plan to repay creditors](https://crypto.news/app/uploads/2024/01/crypto-news-trading-chart-front-side-view-Exchange-building-background-bright-neon-colors-option09-880x525.webp)
News
Embattled crypto lender Celsius has moved over $125 million in Ethereum to various cryptocurrency exchanges in the last week, signaling its plans to commence creditor repayments. Data from Arkham Intelligence shows that between Jan. 8 and 12, Celsius transferred Ethereum…
![Celsius attempts to recover funds withdrawn by creditors in pre-bankruptcy period](https://crypto.news/app/uploads/2024/01/crypto-news-Celsius-option03-880x525.webp)
News
Creditors who withdrew more than $100,000 from Celsius within three months prior to its bankruptcy will have to return part of those funds or risk legal action, as per a recent creditor notice. Bankruptcy administrators for Celsius announced on Jan.…
![Celsius pays over $90m to Coinbase and FalconX via unstaked Ethereum](https://crypto.news/app/uploads/2023/12/crypto-news-Ethereum-option03-880x525.webp)
News
Over the past week, a total of 40,000 Ethereum, estimated to be over $90 million, was transferred by Celsius to its significant creditors, Coinbase and FalconX.
![Celsius moves to unstake $470m in ETH for creditor repayments](https://crypto.news/app/uploads/2023/10/crypto-news-Bankruptcy-office-background-dark-tones-sixties-retro-futuristic-illustration-v5.2-880x525.webp)
News
Bankrupt cryptocurrency lender Celsius Network revealed plans today to unstake its existing Ethereum holdings in preparation for prompt distributions to its creditors. On Jan. 5, the lending company Celsius that is currently embroiled in bankruptcy proceedings since its Chapter 11…
![7 crypto court cases coming in 2024](https://crypto.news/app/uploads/2023/12/crypto-news-major-courts-option01-880x525.webp)
Feature
Several crypto industry stakeholders have pending lawsuits in the U.S. and other jurisdictions following a busy year for government prosecutors and digital asset attorneys. 2023 featured crypto’s largest court case to date coupled with a multi-billion dollar settlement between the…
![Hut 8 signs interim deal for Texas mining amid Celsius bankruptcy](https://crypto.news/app/uploads/2023/09/crypto-news-Police-seizing-bitcoin-mining-machines-in-Venezuela01-880x525.webp)
News
As part of the Celsius Network's bankruptcy proceedings, Hut 8's mining operation is set to accommodate 66,000 miners and be powered by over 215 MW of energy upon completion.